Bucharest’s BET index closed up 2.43% from Thursday’s closing level, while general index BET-C rose 2%.
The bourse was mainly lifted by some of its heaviest issuers, including Fondul Proprietatea (FP.RO), which closed up 3.4%, and Banca Transilvania (TLV.RO), which gained 4%. BRD-Groupe Societe Generale (BRD.RO) rose almost 3%, while OMV Petrom (SNP.RO) was up 0.7%.
BET-FI, which tracks Proprietatea and the five regional investment funds (SIFs), ended up 2.2%. SIF Muntenia (SIF4.RO) increased 3.8%, but SIF Transilvania (SIF3.RO) was down 0.3%.
The market’s overall turnover was at 57.2 million lei (EUR12.9 million), almost double from some RON31 million on Thursday. More than two thirds of the total value came from trades with the shares of Proprietatea fund, Banca Transilvania and Petrom.
The bourse’s benchmark index BET-BK rose 1.5%, while BET-XT was up 2.3%.
Energy stocks were underperforming the market, and the BET-NG index closed 0.7% higher. Transelectrica (TEL.RO) rose 2.7% and Transgaz (TGN.RO) was up 1.1%, but Rompetrol Rafinare (RRC.RO) fell 3.4%. (EUR1=RON4.4251)